MISTRAL AI RAISES RECORD €3B AT €21B+ VALUATION
French AI startup Mistral has raised €3B in what is being described as the largest-ever equity round for a private European tech company, nearly doubling its valuation from €11.7B a year ago to more than €21B.
Samsung, PSG Equity and the EU-backed Scaleup Europe Fund co-led the round, with BlackRock joining as a new investor. Existing backers including NVIDIA, ASML and Salesforce Ventures also participated.
Mistral plans to use the capital to fund frontier AI research, expand its computing infrastructure and data-center footprint, and grow further across Europe, the U.S. and Asia.
Source: Bloomberg